I've updated my Android Studio into version 0.3.2. but I'm having a problem about my project and it gives me this error:

I only have a bit of idea on whats happening on this so I tried to press F4 (Windows) then 'Module' and then the TabFragmentExercise then tried to change the 'Paths' and selected the 'Use module compile path' just like on how the default project does and changed into this:
C:\Users\PCNAME\AndroidStudioProjects\TabFragmentExerciseProject\TabFragmentExercise \build\classes\debug Then rebuild the project but still no chance. It will just give me this result:
Local path doesn't exist. Here's my config for gradle anyways:
gradle-wrapper.properties
#Wed Apr 10 15:27:10 PDT 2013 distributionBase=GRADLE_USER_HOME distributionPath=wrapper/dists zipStoreBase=GRADLE_USER_HOME zipStorePath=wrapper/dists distributionUrl=http\://services.gradle.org/distributions/gradle-1.8-bin.zip build.gradle
buildscript { repositories { mavenCentral() } dependencies { classpath 'com.android.tools.build:gradle:0.6.+' } } apply plugin: 'android' repositories { mavenCentral() } android { compileSdkVersion 17 buildToolsVersion "17.0.0" defaultConfig { minSdkVersion 14 targetSdkVersion 16 } } dependencies { compile files('libs/android-support-v4.jar', 'libs/commons-io-2.4.jar', 'libs/apache-mime4j-0.6.1.jar', 'libs/httpclient-4.1.jar', 'libs/httpcore-4.1.jar', 'libs/httpmime-4.1.jar') } Hope someone can help me on this.